This transaction was no small feat for EQT. Acquiring Chr. Hansen’s Natural Colors business — now Oterra — and their employees on an accelerated timeline presented enormous challenges. Establishing just one legal entity — let alone the 30+ entities required — in only three months involves significant resources and time — more than what was allotted for.

To meet the tight deadline and ensure a successful acquisition, EQT and their legal advisor, Accura, needed a partner with not only a global footprint across the necessary jurisdictions, but also the local expertise to meet all regulatory and compliance requirements and avoid any delays or additional fees.

EQT and Accura brought Vistra in as a trusted partner to assist with this transaction. Vistra developed and managed a detailed global project plan that defined tasks, deliverable dates, dependencies and responsible parties in order to meet the March 31, 2021 deadline. In just three months, Vistra completed the incorporation of over 30 companies, provided directorship and domiciliation services, completed statutory postestablishment registrations – including corporate tax, VAT, and payroll tax – and opened local bank accounts through their relationships with local banks. Vistra also ensured the entities remained compliant through corporate governance and compliance services. With this successful acquisition, EQT is poised to focus on their portfolio and grow the Oterra business.

• Simplify transactions by working with only one global provider: Vistra 
• Receive assistance when local experience is required to find the best solution(s) 
• Reduce risk and ensure compliance across multiple jurisdictions during and post set-up 
• Meet closing time deadlines